The global computer-chip shortage continues to trip up the world’s largest car makers with some executives predicting it could weigh on operations well into the second half of this year.
Stellantis NV, the maker of Jeep, Ram and Chrysler, reported strong first-half earnings on Tuesday and raised its profitability goal for the year, boosted by a rise in demand and pricing.
But the world’s third-largest car company by sales also warned that increases in raw-materials prices are likely to get worse in the second half of the year and the semiconductor shortage would continue to hit production.
Rival General Motors Co. separately said Tuesday that the chip shortage will lead next week to idle three North American factories that make large pickup trucks, the company’s biggest moneymakers.
The work stoppage will be the second time in recent weeks that GM’s three main truck plants will scrap most or all output due to the computer-chip crisis.